UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 23,623 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 17.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 156,960 shares of the technology company's stock after purchasing an additional 23,623 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.37% of Ziff Davis worth $8,529,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Millstone Evans Group LLC purchased a new stake in Ziff Davis during the 4th quarter valued at about $35,000. Quadrant Capital Group LLC boosted its position in shares of Ziff Davis by 278.9% in the 4th quarter. Quadrant Capital Group LLC now owns 663 shares of the technology company's stock valued at $36,000 after purchasing an additional 488 shares during the period. Summit Securities Group LLC purchased a new stake in Ziff Davis during the 4th quarter valued at approximately $37,000. First Horizon Advisors Inc. increased its position in Ziff Davis by 42.9% during the 4th quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company's stock worth $47,000 after purchasing an additional 260 shares during the period. Finally, Sterling Capital Management LLC grew its holdings in Ziff Davis by 786.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,391 shares of the technology company's stock valued at $76,000 after buying an additional 1,234 shares during the last quarter. 99.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ZD. Barclays decreased their price target on Ziff Davis from $48.00 to $34.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 13th. JPMorgan Chase & Co. lowered shares of Ziff Davis from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $60.00 to $33.00 in a research report on Tuesday, April 22nd. Citigroup cut their price objective on shares of Ziff Davis from $52.00 to $35.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Susquehanna decreased their target price on shares of Ziff Davis from $80.00 to $45.00 and set a "positive" rating for the company in a research report on Monday, May 12th. Finally, UBS Group set a $40.00 price objective on shares of Ziff Davis and gave the stock a "neutral" rating in a research note on Wednesday, May 14th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Ziff Davis has an average rating of "Hold" and a consensus price target of $47.00.

Insider Buying and Selling at Ziff Davis

In related news, Director W Brian Kretzmer acquired 653 shares of Ziff Davis stock in a transaction dated Thursday, March 6th. The shares were acquired at an average cost of $38.33 per share, for a total transaction of $25,029.49. Following the completion of the transaction, the director now directly owns 12,968 shares of the company's stock, valued at $497,063.44. The trade was a 5.30% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 2.16% of the stock is owned by corporate insiders.

Ziff Davis Stock Up 1.2%

Shares of Ziff Davis stock traded up $0.40 during trading on Wednesday, hitting $32.69. 437,155 shares of the stock traded hands, compared to its average volume of 527,780. The firm has a market cap of $1.38 billion, a P/E ratio of 27.70 and a beta of 1.60. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49. Ziff Davis, Inc. has a 52-week low of $29.15 and a 52-week high of $60.62. The stock's fifty day simple moving average is $32.27 and its 200 day simple moving average is $44.85.

Ziff Davis Company Profile

Ziff Davis, Inc, together with its subsidiaries, operates as a digital media and internet company in the United States and internationally. The company offers PCMag, an online resource for laboratory-based product reviews, technology news, buying guides, and research papers; Mashable for publishing technology and culture content; Spiceworks Ziff Davis provides digital content of IT products and services; retailMeNot, a savings destination platform; Offers.com, a coupon and deals website; and event-based properties, including BlackFriday.com, TheBlackFriday.com, BestBlackFriday.com, and DealsofAmerica.com.